The Prosper Times, Volume 7, Issue 2
Published by PIL, Prosper Palce CR-54274, Nassau, Bahamas
Tel: 1.242.362.2800   Fax: 1.242.362.2970   Email: trust@pill.net

I wish to share a few of "Did You Knows?" from The Prosper Times:

1. The Euro $ will begin to circulate as a "Cash Currency" on January 1, 2002 and will be used in all day to day transactions throughout Euroland. This will be the culmination of a 20 year unification process and could be the final straw that sends the US Dollar lower and dispalces it as the world's "RESERVE" currency ('Dollarization')

2. Just when you thought you had heard everything try this on for size. It has been Proposed to congress that they consider: "A CARRY TAX" on currency - i.e. TRACKING and TAXING the FIAT currency when it is not actually deposited in the "System."

It has been suggested that - using the new technology incorporated in the BILLS (metal strip inserted in the bils to make them "Counterfeit Proof") the location of the bills, when they are "out of the banking system (i.e. in your possession) be tracked and a "tax" be imposed for the time they are "out of the system." The longer you hold them the less value they have (decrease in buying power) more taxes for the government to be shared no doubt with THE FED !? How's that for the "FEEDING FRENZY??"

3. Two excellent definitions:
EVASION - driving around a toll booth to enter the toll raod without paying
AVOIDANCE - taking an alternative free route to the same destination

4. America grew fastest in 1900 when ALL Levels of government expenditures account for 5% of the GNP. This figure is now a WHOPPING 40% OF GNP and it's even worse in Europe. What Makes America Thrive isn't Regulations ...It is Freedom.

5. In America, 50% of all income earners pay 96% of all Taxes.

6. In 1800 Government in Washington cost $20.00 Per Person
    In 1900 Governemtn In Washington cost $110.00 Per Person
    In 2000 Government in Washingtom cost $7117.00 Per Person
    In 2001 Government in Washington cost $8000.00+ Per Person
    And the population is over 270,000,000

7. The next budget being proposed by the Bush administration is the FIRST $2 TRILLION BUDGET. That's more than the national income produced by Canada-Australia and Mexico combined. In fact, it's bigger than the economies of every G7 nations except Japan.

8. Federal Budgets are divided into: CONTROLLABLE and UNCONTROLLABLE spending. In 1967, 40.9% WAS CONTROLLABLE, 59.1% WAS NOT.  In 1999, 19.2% WAS CONTROLLABLE, 80.8% WAS NOT.

UNCONTROLLABLE means open ended entitlements that mandate automatic payment - i.e. social security - medicare-welfare-medicaid and usury payments on federal debt.

9. Americans Spend 504 Billion Hours Per Year Compluing With The Federal Tax Code. The money waste consists, not only of the taxes taken directly from us to pay for the bureaucracy but also the indirect cost of all the lost energy that goes to the filling out forms and paper work. If you are a small business man, you have to get involved in government ot government will wreck your business.